Bitcoin Depot once ran the biggest map of coin machines in North America, with over 9, 000 boxes where people slipped cash in to get Bitcoin. Now those boxes sit dark as the company files for bankruptcy protection. Leaders say endless rule changes made the business model impossible, with some states
Tennessee just made it illegal to own or run a Bitcoin ATM starting July 1. The law treats it like a minor crime, similar to simple drug possession. State leaders say those machines are too often used to trick people—especially older adults—out of their savings. In 2023, U. S. seniors lost $257 mill
Back in 2017, buying Bitcoin wasn’t simple. Most people had to wait days for exchanges to approve transactions, deal with confusing fees, or rely on traditional banks that didn’t understand digital money. That’s where Bitcoin ATMs came in—offering a quick way to turn cash into crypto right on the sp
A major player in the crypto ATM world is at a crossroads. Crypto Dispensers, based in Chicago, is thinking about selling the company for up to $100 million. This comes at a tough time, as the company's CEO is facing serious money laundering charges. The company recently said it's looking into its
A crypto ATM company is thinking about selling itself for a huge amount of money. This comes right after the company and its boss were accused of laundering money. The company, called Crypto Dispensers, is based in Chicago. It lets people buy and send Bitcoin and other cryptocurrencies through their
Bitcoin Depot, the biggest Bitcoin ATM company in North America, is making a big move into Asia. They just set up shop in Hong Kong, their first international expansion in the region. This move is part of their plan to tap into markets where people want easy ways to turn cash into cryptocurrency. H
In recent years, scammers have been exploiting the rise of Bitcoin ATMs to dupe unsuspecting victims out of their hard-earned cash. According to the Federal Trade Commission (FTC), the amount of money lost to these scams has skyrocketed, with over $110 million reported in 2023 alone. What's more, ol
The FBI's 2023 Cryptocurrency Fraud Report reveals a staggering $5.6 billion in reported losses to cryptocurrency scams, with older Americans bearing the brunt of the damage. The majority of these scams, a whopping 53% increase from 2022, are pig butchering scams, where fraudsters build fake relatio
